Facebook : A Social Networking

Facebook, which was founded by Mark Zuckerberg in February 2004, is an online social networking platform with the mission of making the world more open and connected. Within a few years, Facebook attracted millions of new users, from 1 million Monthly Active Users to 845 millions Monthly Active Users. Though competing with global and regional corporations in the industry, Facebook kept growing rapidly. With the high expectation of investors, Facebook finally decided to go public. The “Red Herring” of Facebook stated that its goal was to connect all two billion global Internet users. Basing on our analysis of Facebook’s IPO, we would like to give several recommendations on the

Initially, Mark Zuckersburg , Dustin , Chris and Eduardo launched Facebook in Harvard in 2004 started with Facebook Wall. Facebook started with 1 million users from the Harvard , Yale , Stanford and Columbia university campus and then they concentrated to more university campus to growth for the company. The company then over the years have evolved design layout of Facebook and making more and more easy to use by concentrating overseas and local users and now they have 86% of total users are outside the USA and Canada. The company have launched Facebook video , Platform launches , Video calling , Facebook Search, Messenger , acquisition of Instagram and atlas and Whatsapp and Oculus and Facebook paper , trending in Facebook and many more. The key strategy of Facebook in past was to expand the social network and innovate new technology to make it more effective so that users can share and connect with people through Facebook. Also Facebook is concentrating in innovation starting with oculus - the virtual Reality. The increasing amount of data created by users and to maintain the data and finding the data patterns from the data is among the biggest challenges the company is facing. To provide the security to each account and help users to maintain their privacy is also a big challenges in today's world. Currently Facebook is on the top list of Social network services and they

Facebook was created in 2004 on the Harvard University Campus by one of its own students: Mark Zuckerberg. First restricted to students of Harvard’s University, it is then opened to other American universities before becoming accessible to all by September 2006. Since June 2015, 1.49 billion of people are registered on this website. This social network is now part of everyday life for nearly one fifth of the world population, it has redefined how we connect and communicate in the 21st century. It is therefore normal that a movie was devoted to its creation and expansion. David Fincher, based on the book by Ben Mezrich, “The Accidental Billionaires”, directed the movie.

A lot of people use social media to talk to friends and family in their everyday lives. One of the most popular among these sites is Facebook. Mark Zuckerberg is the CEO of Facebook which is a social media website with over one billion users. In 2013 its revenue topped over $6 billion. Mark launched the website while he was still in college and has since exploded in popularity and it’s easy to see

Over the years, Facebook has become a platform whose purpose has become questionable. In a letter to Facebook potential investors, Mark Zuckerberg - the creator of Facebook - addresses that “Facebook was not originally created to be a company. It was built to accomplish a social mission — to make the world more open and connected.” He had the intention of informing the moneymaker investors that Facebook only makes money to improve its service and not to generate any type of income. For Mr. Zuckerberg, Facebook is non-profit company that provides a platform where people can build a social community to share ideas, memories and opinions. Therefore, it fulfills one of the most important life necessities: connection.

FB is an online social networking service that was established in 2004 by Mark Zuckerberg along with four Harvard University roommates. Before FB, Zuckerberg had created an online program titled "Facemash" which was a quasi-dating site that was accessible only to Harvard students. To upload student’s pictures to Facemash, Zuckerberg hacked into protected areas of Harvard's computer system and copied private ID images. This site didn't last long as it was shut down days later by Harvard administrators who alleged, but later dropped, charges of breach

When it comes to global brands, a lot of names come to mind that create lasting legacies and billion-dollar empires, and Facebook is certainly a juggernaut among them. The world 's largest social networking site as well as one of the world 's most valuable companies. Facebook has built an impact on the world in an incredible short amount of time by connecting and influencing millions of people of all ages around the whole world in the most profound ways possible with their breakthroughs in all fields of science, communication, technology, broadcasting and entertainment, revolutionizing the social media and startup market, among many other things, and it continues to evolve, and in doing so, it is also changing the way we see the world and connect with it.

Our generation has seen a variety of social media sites come and go during our time on this small planet. Facebook has withstood the sands of time with constant innovation that began with proper strategic implementation in having a sustainable competitive advantage among all other competitors. This case reiterates the importance of having a strong strategic plan because it can be the deciding factor of the overall health of the company. Examples were given on how Myspace had all the potential in the world by being a social web-based median where users can find hot topics regarding entertainment and music. Unfortunately, as years came and went so did Myspace users to a more appealing and clean-cut site, Facebook. Facebook became the largest social media site on the planet in the span of eight years. A remarkable task, since it was developed by a young, intelligent programmer in his Harvard University dorm room as a way to connect friends with each other. Mark Zuckerberg was the 19-year-old entrepreneur that set out to connect users through relationship management rather than taking the Myspace “portal strategy” route. By focusing on relationship management and introducing the like button, advertisers began paying for the data collection Facebook was able to gather from their enormous user base regarding particular interests. Facebook supplied advertisers with a plethora of user information, while being able to keep their social site clean and create an environment where

Harvard dropout Mark Zuckerberg co-founded what is now today’s most popular social networking site, Facebook. Now with a net worth of over $53 billion dollars according to Celebrity Net Worth, it is the most expensive social networking site on the internet. Facebook has changed the world in such a way that cannot be described efficiently. It has provided such an impact that it literally has become a part of everyday life. Whether we think about it or not, Facebook impacts our day a lot more than we could have ever thought. Just a few stats from Statistic Brain include that there are over 1.3 billion Facebook users around the globe and of that 1.3 billion, about 650 million check their Facebook daily. Also, Facebook has grown 22% in just the past year alone, it will continue to grow steadily for the next years to come. All of this was impacted by the idea of one college student and the help of his friends; all but ten years ago.

Facebook, in my opinion, happens to be the Einstein of social media, managing to keep itself on the top of a so competitive market. Mark Zuckerberg’s business strategies have made this

In the last couple of years, Facebook, founded in 2004 by Mark Zuckerberg, has gone from a college photo-sharing site to a burgeoning business- networking platform for self-promotion, advertising and multimedia interaction. With new apps and add-ons, Facebook users can send each other a virtual drink, create and host events, advertise their businesses through social ads, and more. When Charlie Gibson hosted the debate for the 2008 presidential candidates along with Facebook, the little networking site became a powerhouse in the online-marketing community.

Facebook was found in October 2004 by a group of college students. It is a website that has refueled the use of social media by the populace. The company is founded on the premise of social interaction. Basically its a conversation and information exchange between members (Research and markets offers report: 2012). Additionally the firm has moved into the realm of allowing companies and businesses to create and maintain pages. Those entities that create and maintain pages is not limited to for profit or non-profits it includes neighborhood associations, volunteer groups, and other special interest groups as well.

When one joins a social networking site, they basically sign their rights over to that site (Friends Without Boarders). Many people do not read the terms and conditions when making an account to begin with, so they never know what they are really getting into (Friends Without Boarders). For instance, did you know on Facebook when someone joins, it automatically allows Facebook to access their information? They collect data from their members off of third party websites, so they can tailor the website towards them and their interests (Friends Without Boarders). One specific way in which Facebook does this is through banner advertisements. Facebook has over 176 billion banner ads that show up in the first three months of membership alone (Friends Without Boarders)! What is unique about these advertisements is that they are different on every single person’s page. These specific advertisements are based off of what each member ‘likes’ on Facebook, or other websites that have the option (Friends Without Boarders). In addition to likes, the more updates Facebook gets someone to share and the more preferences they make public, the more data there is to pool for advertisers (Friends Without Boarders). As if this was not already enough Facebook also introduced something called “peer pressure advertising.” This means if someone’s friend clicks the ‘like’ button they will soon find an ad on their Facebook page suggesting it. This information is then shared on other websites, so that

A) Since social networking tools has become a vital part in one’s life, statistics shows that Facebook has over 60 million active users regardless of its purposes, and this idea has been the pinnacle for business

Facebook is an online social networking service company since 2004. It was started as the online platform to be connected for ivy-league university students and later extended to general public. It has a market worth of $ 148 billion in 2014 and has more than 1 billion subscribers online. The case illustrates about the exploitation of user data by Facebook to generate revenue. The user data is used to deliver to highest bidder and earn revenue.